Castlelake Agrees £100m Facility for TradeBridge
Castlelake Agrees £100m Facility for TradeBridge to Support Expansion of Revenue-Based Finance Solution, Minneapolis and London 15 March 2023:
Castlelake, L.P. ("Castlelake"), a global alternative investment manager specializing in asset-backed private credit with 17 years of experience investing in asset-rich opportunities, and fintech lender TradeBridge, today announced Castlelake has agreed to provide a facility of up to £100m to TradeBridge. Alongside existing senior banking facilities, the additional funding is expected to further strengthen TradeBridge’s position in the revenue-based finance space.
The financing, provided by Castlelake as part of its income investing strategy, is also expected to accelerate TradeBridge’s expansion “We look forward to leveraging our experience in revenue finance to support TradeBridge’s origination growth goals,” said Isaiah Toback, Partner, Deputy Co-chief Investment Officer at Castlelake. “And we believe our partnership will help provide an innovative solution to vital healthcare providers while delivering value for our investors.”
“We’re delighted to announce a new relationship with Castlelake. TradeBridge is passionate about supporting entrepreneurial businesses to meet their growth ambitions,” said Mark Coxhead, CEO of TradeBridge. “Castlelake’s support will be instrumental as we continue to deliver more innovative working capital solutions to more clients.”
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